Electronics firm HTC has introduced that it’s launching a smartphone to carry crypto and blockchain expertise to a wider viewers in Q3 2019.
In keeping with a press launch shared with Bitcoin Journal, “The EXODUS 1s would be the first smartphone ever to have full node capabilities” containing the total Bitcoin blockchain.
“With the EXODUS 1, we gave individuals the ability to personal their very own keys, now we’re giving individuals the ability to run their very own node,” Phil Chen, decentralized chief officer at HTC, informed Bitcoin Journal. “It is about constructing expertise for the free world.”
With out going into specifics, Chen added that he has been engaged on the undertaking “for a while” and that the most important hurdle was “growing a tool that may act as a real full node and maintain the total Bitcoin blockchain on the system.” He believes that this objective has now been met.
Chen additionally described a number of the cellphone’s technical challenges.
“The complete Bitcoin blockchain is round 200 GB [and] growing at about 60 GB per 12 months,” he mentioned. “The complete ledger may also be pruned right down to roughly 10 GB.”
The cellphone can assist the pruned model always, however using the total blockchain would require an extra SD card. Moreover, it is suggested that customers solely run a node off of a steady Wi-Fi connection because of the giant information necessities and have a method to recharge the cellphone readily available.
Chen claimed that “the cellphone won’t be able to mine for bitcoin itself, however we’ve got upcoming companions to announce that may supply hashrates.” The Bitcoin ecosystem depends on each mining exercise and the operation of nodes, however Chen noticed that mining is far more strongly incentivized. Ideally, the technique of working nodes like this with a low value of entry will assist invigorate the general system.
“Working a node is perhaps an important a part of the blockchain because it helps safe the community; each one in every of them acts as an authoritative verifier of each single transaction of the block,” mentioned Chen. “We first empowered the consumer by proudly owning their very own keys and now we’re targeted on empowering the consumer to run their very own node to assist safe and develop the community.”
Ideally, the presence of nodes like this may even enhance blockchain app operation. In keeping with the press launch, extra technical particulars shall be out there nearer to the product’s industrial launch.